Legal Question in Real Estate Law in Florida

foreign owned real estate in FL?

Can I buy real estate (beach house)in Florida not being an American? If selling the estate later and making a profit how would I or would I be taxed since I am not to make $ in America as a non American? Do you know of any other laws or rules that I should know about when buy as a non American. Thank you very much!


Asked on 1/11/06, 10:04 am

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: foreign owned real estate in FL?

Yes you can own. You should use a Florida attorney to help with your contract and closing.

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Answered on 1/11/06, 10:47 am
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: foreign owned real estate in FL?

There no limitations on your buying and selling realty in the United States, You should be represented, by counsel, in your transactions. There are too many variables to properly address your tax questions.

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Answered on 1/11/06, 10:50 am


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